The new report by Expert Market Research titled, ‘West Africa alcoholic beverages Market Trends, Size, Share, Price, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the West Africa alcoholic beverages market, assessing the market based on its segments like product types, packaging types, distribution channels, and major countries.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2020): USD 10.8 Billion
• Forecast CAGR (2022-2027): 5.2%
The increasing demand for wine and beer, owing to the increasing disposable income, rapid development of pubs and bars, and availability of wide variety of alcoholic beverages, in countries like Nigeria, Burkina Faso, and Ghana, is driving the market growth. The increasing popularity of alcoholic beverages, such as red wine, and jin, among women is also propelling the demand for the product.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/west-africa-alcoholic-beverages-market/requestsample
Over the forecast period, the increasing awareness about the health benefits offered by reasonable intake of beer is likely to accelerate the alcoholic beverages market. Furthermore, the easy availability of raw materials, along with the cheap labour in the region, is anticipated to provide impetus to the market in the coming years.
Industry Definition and Major Segments
Alcoholic beverages refer to liquor which are fermented from sugars in fruits, plants, milk, and honey, among others. These beverages come with a burning taste and contain one half of one percent or more of alcohol by volume according to the strength. Moreover, additional flavouring substances can be added to them in order to enhance taste, making it more suitable for the drinkers.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/west-africa-alcoholic-beverages-market
On the basis of product type, the market can be segmented into:
The market can be categorised based on packaging type into:
• Glass Bottles
• Plastic Bottles
Based on distribution channel, the market has been divided into:
• Open Markets
• Speciality Stores
The regional markets for alcoholic beverages include:
• Cote d’lvoire
• Burkina Faso
• Republic of Benin
The key trends in the alcoholic beverages market in the region include the rise in the indigenous production of beer and wine due to the increasing consumption of premium and super premium alcoholic beverage products. In addition, the high visibility, and growing popularity of branded beer and wine products are likely to be the crucial trends in the market.
The growing trend of social media, which escalates the popularity of alcoholic beverages through reels, high quality pictures, and celebrities, is likely to propel the demand for the product in the forecast period. Furthermore, the market is anticipated to be propelled by the favourable government policies. For instance, the legal age of drinking in Burkina Faso is 13 for males and 16 for females.
Key Market Players
The major players in the market are Diageo PLC, The Heineken Company, AB InBev, and Kasapreko, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Online Banking Market- https://www.marketwatch.com/press-release/online-banking-market-share-size-price-trends-growth-analysis-report-forecast-2021-2026-2022-12-28?mod=search_headline
Liquid Biopsy Market- https://www.marketwatch.com/press-release/liquid-biopsy-market-size-share-price-trends-growth-analysis-report-forecast-2022-2027-2022-12-29?mod=search_headline
Surrogacy Market- https://www.marketwatch.com/press-release/surrogacy-market-size-share-price-trends-growth-analysis-report-forecast-2022-2027-2022-12-28?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA